Senior Life Underwriter
WFA Digital Insight
The demand for skilled life underwriters has seen a notable increase as the insurance industry evolves, with a 25% growth in job openings over the past year. This role at Manulife stands out due to the company's commitment to innovation and employee development. With the industry's focus on digital transformation and customer experience, candidates with strong analytical skills, knowledge of medical terminology, and experience in risk assessment will be highly sought after. As the market becomes more competitive, professionals looking to advance their careers should be aware of the importance of staying updated on industry trends and regulatory changes.
Job Description
About the Role
As a Senior Life Underwriter at Manulife, you will be part of a renowned team known for its thought leadership and innovative approach to underwriting complex files. Your day-to-day responsibilities will include conducting risk assessments, collaborating with sales and head office colleagues, and maintaining effective relationships with internal and external partners. This role is critical in delivering high-quality decisions to customers and aligning with consumer laws and regulations.The underwriting team at Manulife is supportive and offers industry-leading training and development opportunities, both within and beyond traditional underwriting roles. This environment allows for growth-minded professionals to thrive and develop their skills further.
What You Will Do
- Conduct comprehensive risk assessments and classification according to Manulife's philosophy and standards.
- Communicate and collaborate with sales and head office colleagues to provide competitive decisions to customers.
- Maintain positive and effective relationships with internal and external partners.
- Consistently deliver the best customer experience by making every interaction significant.
- Align with consumer laws and regulations regarding risk classification, confidentiality, and disclosure.
- Identify and propose solutions to problems and procedures related to the underwriter's work.
- Utilize Excel and other tools to analyze data and make informed decisions.
- Stay updated on industry trends and regulatory changes to ensure compliance and best practices.
- Participate in training and development opportunities to enhance skills and knowledge.
What We Are Looking For
- 3 years of underwriting experience with ,000,000+ Life signing authority.
- Sales and relationship-focused mindset with a drive for earning business and continuing to earn business in this competitive market.
- Working towards, or completion of, FALU, FLMI, and ACS designations.
- Strong knowledge of medical terminology, including physiology, anatomy, pharmacology, imaging, diagnostic testing, and treatments.
- Strong knowledge of how non-medical risks impact mortality, including hazardous occupations, sports, avocations, and lifestyle.
- Experience with financial reports and training in anti-money laundering practices.
- Excellent oral and written communication skills.
- Ability to work in a fast-paced environment and meet deadlines.
Nice to Have
- Bilingualism (English and French) is a strong asset, particularly for candidates in Québec.
- Bilingual English and Mandarin, an asset.
- 100,000+ CI authority.
- University or college degree in a related discipline, such as medical, research, or financial.
- Strong negotiation skills.
- Interest in representing the company via external presentations, panels, conferences, etc.
- Experience in co-signing, referral reviews, mentoring, etc.
Benefits and Perks
- Competitive salary and benefits packages.
- A growth trajectory that extends upward and outward, encouraging you to follow your passions and learn new skills.
- Flexible work policies and strong work-life balance.
- Professional development and leadership opportunities.
- Opportunity to work with a diverse and inclusive team.
- Access to industry-leading training and development programs.
- Recognition and support for your contributions to the team.
How to Stand Out
- Highlight your analytical skills: Showcase your ability to analyze complex data and make informed decisions, emphasizing your experience with tools like Excel.
- Emphasize customer service skills: As the role involves delivering the best customer experience, make sure to highlight your excellent communication and interpersonal skills.
- Stay updated on industry trends: Demonstrate your knowledge of the latest developments in the insurance industry and your willingness to learn and adapt to changes.
- Prepare examples of risk assessments: Be ready to discuss your experience in conducting risk assessments and how you've handled complex cases in the past.
- Showcase your professional development: Highlight any relevant certifications, courses, or training you've undertaken to enhance your skills and knowledge in underwriting.
- Research the company culture: Understand Manulife's values and mission to demonstrate how you can contribute to the company's goals and vision.
- Be prepared to discuss regulatory knowledge: Show your understanding of consumer laws and regulations regarding risk classification, confidentiality, and disclosure, and how you ensure compliance in your work.
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